Opponents of the bill, which the Legislature passed largely along partisan lines, say it will simply create paperwork for employers who do not steal wages.
A front company for a Mexican cartel might sell $1m-worth of oranges to an American importer while creating paperwork for $3m-worth, giving it cover to send a dirty $2m back home.
Investigators said Ms. Lim created paperwork for the customers suggesting that the accounts had been opened, but in fact, she never opened the accounts and instead kept the money.
Insurers can mandate that after a set number of sessions, say 20, they must evaluate whether you need additional treatment, creating paperwork for patients and therapists alike.
Or do they just create more paperwork for the rest of us?
Opponents of the law have said it will merely create needless paperwork for the vast majority of employers who do not steal wages.
The consensus, Dr. Keller said, is that someone tried to save time by creating the paperwork for the disks before they were actually made.
Mr. Leonard was charged last year with helping to create phony paperwork for a Queens house whose owner was a political ally and friend of Mr. Ognibene.
In one instance that came to light yesterday, the prosecutors contend that a former Queens building commissioner, James Leonard, helped create phony paperwork for a house whose owner was friendly with Mr. Ognibene.
A floating value would also have tax implications and create more paperwork for investors who would have gains or losses that do not occur with a stable net asset value of $1. "It would definitely change the fundamental structure and make them a lot less attractive to a lot of folks," added Ms. Swirsky, the mutual funds expert.
